The Euro Plus Pact was approved by 23 EU countries in March 2011. The Pact stipulates a range of quantitative targets … changes in the relative unit labour cost and the current account balance. The sample consists of the 27 EU countries for the …

The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact … consists of annual data for 27 EU countries for the period 1995-2012. The main finding is that changes in the current account …

The rapid journey from central planning to EU (euro area) membership stress-tested the social learning processes of the … EU, spurred major reform waves and led to the very rapid introduction of best-practice institutions. Although social … institutions played a dominant role in shaping the transition process. Along with the EU accession process, the EU acted as a …